week 4 applied learning

week 4 applied learning - Name Sara Podliska . Applied...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name Sara Podliska . Applied Learning Week 4 Answer the problems below and show or explain how you arrived at your final answer. 1. You are the financial manager of an oil refinery. Oil from different regions has different levels of quality. The higher the quality, the less total capability your refinery needs to use in the refining process. The lower the quality, the more total capability your refinery needs to use in the refining process. Your refinery processes 10,000 barrels at a time. The following formula is used to determine the cost in tens of thousands of dollars for refining 10,000 barrels at today’s market prices: x C 5 . 1 150 2000 - = . The variable “x” is for the percentage of capability used in the process. Enter the percentage as a whole number without the percentage sign when performing your calculation. a. What will be the cost to refine 10,000 barrels of oil from Alaska’s Prudhoe Bay, which requires 80% of the refinery’s capability? (20% of grade) 2000 / (150 - 1.5x) =
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/08/2011 for the course MAT 117 117 taught by Professor Billings during the Spring '10 term at University of Phoenix.

Page1 / 2

week 4 applied learning - Name Sara Podliska . Applied...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online